Every Spin-Off
Lux and Cozi
AnnouncedINMakes and sells garments, mainly hosiery and innerwear, in India; it would take over Lux Industries' largest business vertical.
Lux Industries' Vertical A garment and hosiery business, with FY26 turnover of Rs 1,373.6 crore (46.8% of standalone turnover).
- Status
- Announced
- Expected
- Awaiting approvals
- Parent
- Lux Industries (LUXIND IN)
- Spin-off ticker
- To be announced
- Listing
- NSE and BSE
- Market
- India
- Sector
- Consumer discretionary
Terms
1 Lux and Cozi share for every 1 Lux Industries share (FV Rs 2), alongside a parallel demerger of Vertical C into Lux Global; Vertical B stays with Lux Industries; public shareholding stays the same in all three companies; needs SEBI/exchange, shareholder, creditor and NCLT approval; listing on NSE and BSE proposed; record date not yet fixed.
Key dates
- Board approval
- Stock exchange NOC / NCLT
Source documents
- Press releaseLux Industries board outcome: scheme of arrangement (08/31/26)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
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